EURO OVERNIGHT INDEX AVERAGE


Meaning of EURO OVERNIGHT INDEX AVERAGE in English

A measure of the effective interest rate prevailing in the euro interbank overnight market. It is calculated as a weighted average of the interest rates on unsecured overnight lending transactions denominated in euro, as reported by a panel of contributing banks.

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.